The Housing Chronicles Blog: Existing home sales grew 1.8 percent in May to highest level since February 2007

Wednesday, June 22, 2016

Existing home sales grew 1.8 percent in May to highest level since February 2007

Existing-home sales sprang ahead in May to their highest pace in almost a decade, while the uptick in demand this spring amidst lagging supply levels pushed the median sales price to an all-time high. All major regions except for the Midwest saw strong sales increases last month.

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